Saudi Central Bank Makes New Investment in Mondelez International, Inc. $MDLZ

Saudi Central Bank purchased a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 526 shares of the company’s stock, valued at approximately $36,000.

Other institutional investors also recently bought and sold shares of the company. Abound Financial LLC purchased a new stake in Mondelez International during the 1st quarter worth about $25,000. Goodman Advisory Group LLC purchased a new stake in Mondelez International during the 1st quarter worth about $26,000. Orion Capital Management LLC purchased a new stake in shares of Mondelez International in the 4th quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock valued at $30,000 after purchasing an additional 346 shares during the last quarter. Finally, North Capital Inc. purchased a new stake in shares of Mondelez International in the 1st quarter valued at about $31,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $61.44 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average is $65.82 and its two-hundred day moving average is $65.90. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The stock has a market capitalization of $79.50 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 4.65 and a beta of 0.46.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The company had revenue of $8.98 billion for the quarter, compared to analysts’ expectations of $8.82 billion. During the same quarter in the previous year, the firm posted $0.86 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s payout ratio is presently 68.86%.

Wall Street Analyst Weigh In

MDLZ has been the subject of several research reports. Sanford C. Bernstein boosted their target price on Mondelez International from $79.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Stifel Nicolaus boosted their target price on Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. UBS Group reduced their target price on Mondelez International from $72.00 to $69.00 and set a “neutral” rating for the company in a report on Thursday, July 31st. Dbs Bank raised Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Finally, Barclays boosted their target price on Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Fourteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $72.00.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.